How Publicly Funded Research Provides High Returns

With the Fiscal Cliff looming, potentially huge Federal budget cuts could gut investments in research and innovation at a time when we need it most. Over at Science Progress, Sean Pool and Jennifer Erickson write that Government research provides a high return on investment.

At a time when economic success in the global market is determined more than ever by the pace of innovation, we cannot afford to reduce our investments in research. As the president said in his State of the Union speech last year, “In America, innovation doesn’t just change our lives, it’s how we make our living.” While innovation may be in our national DNA, we can’t take it for granted.

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Over at the IBM Blog, IBM Fellow Hillary Hunter writes that the company anticipates that the world’s volume of digital data will exceed 44 zettabytes, an astounding number. "IBM has worked to build the industry’s most complete data science platform. Integrated with NVIDIA GPUs and software designed specifically for AI and the most data-intensive workloads, IBM has infused AI into offerings that clients can access regardless of their deployment model. Today, we take the next step in that journey in announcing the next evolution of our collaboration with NVIDIA. We plan to leverage their new data science toolkit, RAPIDS, across our portfolio so that our clients can enhance the performance of machine learning and data analytics." [Read More...]

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